Following are data for the available-for-sale securities held by Lindy Company as of December 31: 
(a)Complete the table above to find the total cost and fair value for the company's available-for-sale securities portfolio.
(b)Calculate and record the required December 31 adjustment.
(c)Explain how the adjustment from part
(b)is reported on Lindy's financial statements.
Definitions:
Business-Generated Revenue
Income that a company earns from its activities, typically from the sale of goods or services to customers.
Sole Proprietorships
A business structure owned by one person, where there is no legal distinction between the owner and the business entity.
Partnerships
A lawful business structure involving two or more people who divide both the management responsibilities and the profits.
Chapter 7 Bankruptcy
A legal process through which individuals or businesses can discharge their debts when they are unable to make payments to creditors.
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